Daqo Energy(SH:688303) Zhong Guo Jing Ji Wang·2025-10-28 02:41Core Viewpoint - Daqo Energy (688303.SH) reported a significant decline in annual performance for 2024, with a net profit loss of 2.718 billion yuan, while showing a positive growth in Q3 2025 with a revenue increase of 24.75% year-on-year [1][2]. Financial Performance Summary - For Q3 2025, the company achieved a revenue of 1.773 billion yuan, representing a year-on-year growth of 24.75% [1][2]. - The net profit attributable to shareholders for Q3 2025 was 73.48 million yuan, with a net profit excluding non-recurring items of 60.08 million yuan [1][2]. - Year-to-date revenue until the reporting period was 3.243 billion yuan, showing a decrease of 46.00% compared to the previous year [1][2]. - The net profit attributable to shareholders for the year-to-date was a loss of 1.073 billion yuan, with a net profit excluding non-recurring items also showing a loss of 1.094 billion yuan [1][2]. - The net cash flow from operating activities for the year-to-date was -1.552 billion yuan [1][2]. Historical Financial Data - In 2024, Daqo Energy reported a revenue of 7.411 billion yuan, a decline of 54.62% compared to 2023 [3]. - The net profit attributable to shareholders for 2024 was a loss of 2.718 billion yuan, a significant drop from a profit of 5.763 billion yuan in the previous year [3]. - The net cash flow from operating activities for 2024 was -5.386 billion yuan, compared to a positive cash flow of 8.741 billion yuan in 2023 [3]. Capital Raising Activities - Daqo Energy raised a total of 6.447 billion yuan through its initial public offering, exceeding its initial target by 1.067 billion yuan [4]. - The funds raised are intended for projects including the production of high-purity semiconductor materials and polycrystalline silicon [4]. - In 2022, the company issued A-shares, raising approximately 10.999 billion yuan, with a net amount of about 10.937 billion yuan after deducting issuance costs [5].